Is Clarendon / Courthouse, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clarendon / Courthouse is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Clarendon / Courthouse was a Buyer's Market.

Key Takeaway

Clarendon / Courthouse is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Clarendon / Courthouse, VA

How much do homes in Clarendon / Courthouse, VA cost?

Median Sold Price

$622,500

$657/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,500(+1.2%)

Key Takeaway

Homes in Clarendon / Courthouse have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Clarendon / Courthouse was $622,500 in October 2024, up 1.2% from last year, and the median price per square foot was $657.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $485K$493.5K
+1.8%
2 $676.5K$699K
+3.3%
3 $1.2M$1.1M
-6.7%
4 $1.0M$1.6M
+52.7%
5+ -$3.2M
N/A

Summary: Clarendon / Courthouse housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 52.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Radnor / Ft. Myer Heights
+24.2%
Ballston / Virginia Square
+11.0%
Clarendon / Courthouse
+1.2%
Colonial Village
-0.4%

Housing Supply in Clarendon / Courthouse, VA

How many homes are available in Clarendon / Courthouse, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2019-5.0%

Summary: The Clarendon / Courthouse real estate market had 19 homes for sale in October 2024, a 5.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1313
0.0%
2 63
-50.0%
3 01
+100.0%
4 00
0.0%
5+ 12
+100.0%

Summary: The Clarendon / Courthouse housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clarendon / Courthouse, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Clarendon / Courthouse in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for Clarendon / Courthouse, VA

How long does it take to sell a home in Clarendon / Courthouse, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days85 Days+364.1%

Summary: Homes in Clarendon / Courthouse had an average of 85 days on market in Oct 2024, up by 364.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Clarendon / Courthouse are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 7 homes were sold in Clarendon / Courthouse; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Clarendon / Courthouse, VA

Nearby Markets to Clarendon / Courthouse, VA